Fund manager stuck with divorce deal | FT Alphaville

Fund manager stuck with divorce deal

Cash-strapped financiers have been warned they will not be able to renegotiate hefty divorce payouts because of depleted bank balances. Brian Myerson, the South African fund manager, on Wednesday lost a legal bid in London to scrap his £11m divorce settlement on the grounds that the value of his investment company had collapsed. Lawyers said the case would head off a deluge of similar applications from recently divorced bankers and traders hit by the economic downturn.